Smart Commerce SE closes third financial year with positive results

Jena, 25th February, 2015: Annual Stockholders’ Meeting 2015 of Smart Commerce votes for employee equity participation program

• Growth 2014: Revenue mark of € 1 Million passed
• Two-digit profitability and triplication in absolute numbers
• Available financial capital more than doubled 

At yesterday’s Annual Stockholders’ Meeting of Smart Commerce SE, provider of complete services for the planning, building, running and optimization of eCommerce platforms, the Executive Board reported on the company’s business performance, the financial results of 2014, its growth strategy and the outlook for the year 2015. The growth in revenue, profits and end results is in a three-digit number range.  

2014 was the second complete financial year after the foundation of the enterprise in 2012. The annual revenue increased significantly to € 1,334,000 from € 375,000 in 2013 (plus of 255%, all numbers are rounded to the nearest € 1,000). The EBIT rose to € 145,000 from € 36,000 in 2013 (plus of 300%) and the EBIT margin amounted to more than 10% and was therefore at the same two-digit level as in 2013. The balance sheet total increased to € 949,000 from € 340,000 (plus of 180%) and the available capital rose from € 149,000 to € 370,000 (plus of 148%). It was the second year of profitable growth. 

In May 2012, the company was founded by former Intershop board members and the company infrastructure was scalably designed for strong growth. In the shortened financial year 2012 as well as in the following two financial years 2013 and 2014, Smart Commerce reached a two-digit positive EBIT margin in spite of the foundation costs. “2014 was a record year for us. We have significantly surpassed our growth targets. In 2015 and the coming years, we will follow this course and grow profitably”, said board member Frank Schneider.   

In 2015, the number of projects for strategic customers will continue to rise. Smart Commerce seeks for top employees with profound and sound eCommerce knowledge. The Technical Excellence Consulting Team (TEC-Team) which works on high-quality technical eCommerce challenges shall be doubled in 2015. “In 2015, Smart Commerce will focus on the recruitment and further development of top employees. The employee participation program and the e-program are unique offers”, mentioned supervisory board member Henry Göttler.